VOL. XXXIII

NO. 27

9-APRIL-1990

Supply/Demand

Latest IEA Figures Add 0.3mn b/d to Demand

According to the latest (April) issue of the monthly Oil Market Report (OMR)by the International Energy Agency (IEA), oil consumption outside the OECD areagrew by more than 5% in 1989 to reach 14.7mn b/d, compared to an average of 14mnb/d in 1988. The surge in non-OECD demand, coupled with an upward revision of0.1mn b/d in the figure for OECD consumption, means that world oil demandoutside the...